Global Rubber Molding Market Growth, Size or Share Estimated to increase by 2016 – 2024

Rubber molding is the process of shaping rubber into functional products in the automotive industry. Rubber molding products are enclosed in a mold cavity and are then changed into the desired shape. Rubber molded components are used in some major areas which include solenoid valves, brakes, clutch assemblies, transmissions, electric motors, engines, batteries, steering, and air conditioning systems.

The major factors responsible for the market growth are increasing vehicle production, technological advancements, and rising demand for lightweight materials anticipates to boost the global rubber molding market. Growing adoption of the lightweight materials in automobiles and stringent regulations set by the government for fuel efficiency, emission, and safety norms anticipates fueling the global market growth. Technological advancements and increasing use of the soy oil in order to enhance rubber car parts are some factors that contribute to fuel the market growth. Soy oil improves rubber stretching ability and reduces environmental impact.

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